MarketAxess (NASDAQ: MKTX) CFO uses 332 shares to cover tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MarketAxess Holdings Inc. Chief Financial Officer Ilene Fiszel Bieler surrendered 332 shares of common stock to the company to cover tax withholding on vested restricted stock units. This routine tax-withholding disposition is not an open-market sale. Following the transaction, she directly holds 8,656 shares of MarketAxess common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fiszel Bieler Ilene
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.003 per share | 332 | $123.18 | $41K |
Holdings After Transaction:
Common Stock, par value $0.003 per share — 8,656 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares surrendered for taxes: 332 shares
Price per share: $123.18 per share
Shares held after transaction: 8,656 shares
3 metrics
Shares surrendered for taxes
332 shares
Tax-withholding disposition on vested RSUs
Price per share
$123.18 per share
Valuation of surrendered shares
Shares held after transaction
8,656 shares
Direct holdings of CFO following Form 4 event
Key Terms
restricted stock units, tax withholding obligation, Common Stock, par value $0.003 per share
3 terms
restricted stock units financial
"upon the vesting of restricted stock units previously granted to the Reporting Person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligation financial
"to satisfy the Reporting Person's tax withholding obligation upon the vesting"
FAQ
What insider transaction did MarketAxess (MKTX) report for its CFO?
MarketAxess reported a routine tax-withholding transaction by its CFO. Ilene Fiszel Bieler surrendered 332 shares of common stock back to the company to satisfy tax obligations arising from the vesting of previously granted restricted stock units, rather than selling shares in the open market.
Was the MarketAxess (MKTX) CFO’s Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 and footnote explain that the 332 shares were surrendered to MarketAxess solely to satisfy tax withholding on vested restricted stock units, a common compensation-related event.